October 2015

New construction development in the Las Vegas area is booming right now, presenting home buyers with plenty of options and opportunities that fit a variety of needs, wants, and other home buying factors. But while it’s easy to see the appeal and desirability behind new construction real estate, finding available new construction real estate that fits your budget can sometimes be a challenging endeavor.

If you scan through the headlines and various media outlets, luxury developments like Ascaya and The Summit Club certainly garner a lot of attention, but along with these and other incredibly desirable communities that are currently in the works are plenty of other projects that are full of homes, condos, or townhomes with price tags that are considerably

As we inch closer to the end of 2015, it’s been a productive second half of the year for developers of the highly-anticipated Summit golf community in Summerlin. Infrastructure and construction for the impressive new Tom Fazio golf course finally kicked off earlier this summer, and with work well underway at this point, projections have the new Summit golf course making its official debut as early as next year.

As for homes for sale at Summit Club, development for the new ultra-luxurious mid-century modern residences, as well as the community’s expansive 100,000 square foot clubhouse, will begin this summer, and with a reported 50 early buyers already lined up, delivery can’t come soon enough.

As reported back in June, construction for the premier, 313-lot Ascaya development officially got underway, and now nearly 5 months later, the new luxury Henderson has already closed on the most expensive local sale of a vacant home lot in the last 12 months.

According to the Las Vegas Real Estate Journal, a 1.95-acre hillside lot in Ascaya sold for a whopping $2.6 million, the largest amount paid for an undeveloped single-family home lot in all of Southern Nevada since 2014.

As noted in the report, the lot is one of the highest elevation properties in all of Ascaya, which certainly explains the premium paid, and at an elevation of 2,763 feet, it’s safe to say the views from the eventual Ascaya home will be quite spectacular.